July 26, 2016 9:34 PM ET

Media

Company Overview of WMG Acquisition Corp.

Company Overview

WMG Acquisition Corp. operates as a music-based content company in the United States. The company was founded in 1929 and is headquartered in New York, New York. WMG Acquisition Corp. operates as a subsidiary of Warner Music Group Corp.

75 Rockefeller Plz

New York, NY 10019

United States

Founded in 1929

4,211 Employees

Phone:

212-275-2000

Key Executives for WMG Acquisition Corp.

Chief Executive Officer and Director
Age: 61
President and Director
Age: 58
Chairman of Warner Music International and Chief Executive Officer of Warner Music International
Age: 50
Director, Chairman of Warner/Chappell Music, Chairman of Warner Bros. Records and Chief Executive Officer of Warner Bros. Records
Age: 50
Chief Executive Officer of Warner Music Group
Age: 70
Compensation as of Fiscal Year 2016.

WMG Acquisition Corp. Key Developments

WMG Acquisition Corp. Announces Amendment of Revolving Credit Agreement

On June 13, 2016, WMG Acquisition Corp., an indirect, wholly-owned subsidiary of Warner Music Group Corp., received unanimous lender consent to an amendment to the credit agreement, dated November 1, 2012 as amended by the amendments dated as of April 23, 2013 and April 9, 2014, (the revolving credit agreement), governing the company’s senior secured revolving credit facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto (the Revolving Credit Facility). The revolving credit agreement amendment became effective on June 13, 2016. The revolving credit agreement amendment (among other changes) extends the maturity date of the revolving credit facility to April 1, 2021, provided that in the event that more than $400.0 million aggregate principal amount of term loans under the company’s term loan credit agreement, dated November 1, 2012 (as amended by the amendment dated May 9, 2013), governing the company’s term loan facility with Credit Suisse AG, as administrative agent and the loan parties and lenders party thereto and the company’s 6.0% U.S. dollar and 6.25% Euro senior secured notes due 2021 are outstanding on March 2, 2020, the maturity date will be extended to April 1, 2020 and replaces the financial covenant with a flat senior secured leverage ratio (with no step-down), applicable only when the revolver is drawn in excess of a certain amount at the end of a quarter.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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